OraclePips

GU UPDATE: SELL CONTINUATION

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hi,
Good day over there. In my previous analysis, I said that the cable will go down and indicated the levels to take profit. Now, the market is going as predicted. Perhaps you are thinking about which level to take from. There are two sure levels to which the price could probably reach today: 1. 1.1739, 2. 1.1641, as seen in the daily timeframe. These are the two levels the price could potentially reach and react to. You can use them as your profit target.

You will see those drawn in the chart below
Happy trading.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.